H.R. 3435 · 102nd Congress · enacted
Resolution Trust Corporation, Refinancing, Restructuring, and Improvement Act of 1991
Became Public Law No: 102-233.
Latest official action 1991-12-12 · Enacted
The bill, briefly
Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991 - Title I: Resolution Trust Corporation Refinancing - Amends the Federal Home Loan Bank Act to provide additional interim funding for the Resolution Trust Corporation (RTC) not to exceed $25,000,000,000, until April 1, 1992. Amends the Federal Deposit Insurance Act to modify the terms under which the RTC shall be appointed receiver of a failed depository institution by the Director of the Office of Thrift Supervision. Amends the Federal Home Loan Bank Act to extend the receivership duties of the RTC. Terminates the borrowing authority of the Financing Corporation. Mandates specified quarterly reports by the RTC to the Congress regarding asset sales and auction sales, as well as Federal Financing Bank Loan status reports. Directs the RTC to submit a semiannual status report regarding national and regional advisory boards. Requires the RTC and Oversight Board to present quarterly budget reports to certain congressional committees. Title II: Restructuring and Improvement of the Resolution Trust Corporation - Modifies the guidelines for staffing the RTC. Establishes the office of chief executive officer of the RTC to be appointed by the President with the advice and consent of the Senate. Title III: Reform of the RTC - Resolution Trust Corporation Thrift Depositor Protection Reform Act of 1991 - R…
Congressional Research Service · 1991-11-27
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Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
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PAC donors to the listed sponsors
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What happened after enactment?
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